RBC Capital Thinks Vermilion Energy’s Stock is Going to Recover

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Vermilion Energy (TSX: VET). Analyst Michael Harvey from RBC Capital reiterated a Buy rating, with a C$52 price target yesterday.

Harvey has an average return of 12.6% when recommending Vermilion Energy.

According to TipRanks.com, Harvey is ranked #3877 out of 4619 analysts.

Vermilion Energy has an analyst consensus of Strong Buy, with a price target consensus of C$53.79.

Vermilion Energy’s market cap is currently C$4.75B and has a P/E ratio of 61.4.

Vermilion Energy, Inc. is engaged in the business of acquisition, exploration, development and production of oil and natural gas. It has operations in Australia, Canada, France, Ireland, Germany, United States of America and the Netherlands. The company was founded by Lorenzo Donadeo and Claudio A.

The company’s shares closed on Monday at C$39.30, close to its 52-week high of C$58.98.